SantaTradeGold

SantaTradeGold Updated 

World gold prices increased slightly as geopolitical tensions risked prolonging and the market raised the valuation of the Fed to cut interest rates. World gold prices continue to increase thanks to escalating geopolitical tensions in the Middle East and the risk of prolongation. With the conflict in Ukraine and the US economy showing signs of decline through the...

SantaTradeGold Updated 

With the war situation in the Middle East continuously escalating, gold prices may continue to increase next week. In the past week, although the gold price had a downward adjustment after the US CPI data was released, the price immediately rebounded after the USD weakened because the market continued to expect the Fed to cut reduce interest rates next March. In...

SantaTradeGold Updated 

World gold prices are currently recovering after a decline as the US CPI reported data was stronger than expected and the unemployment benefit claims data missed estimates, which could delay the Fed's decision to cut interest rates. in the current period and will affect precious metals. After falling to $2,014, gold is now recovering to $2,034. The market will...

SantaTradeGold Updated 

Gold increased slightly thanks to DXY's decline after a few recovery sessions. The market held its breath waiting for the US inflation report at the end of the day. During the January 10 session, world gold prices decreased slightly and stabilized as investors waited for the US inflation report. DXY's slight decline after a few recovery sessions could help gold...

SantaTradeGold Updated 

While the US central bank turned more cautious at its December meeting, markets ignored this and overpriced a cut for a still resilient economy. strengthening and inflation remains high. To better understand the Fed's next moves, traders should keep an eye on the US economic calendar this week, paying particular attention to the December CPI report on Thursday...

SantaTradeGold Updated 

During the January 8 session, crude oil prices dropped sharply and US government bond yields increased, causing difficulties for world gold prices. However, in the long term, gold has many grounds for a strong increase in price when the market believes that the Fed will almost certainly cut interest rates this year. ISM's latest PMI report showed that the labor...

SantaTradeGold Updated 

Gold prices were gloomy at the beginning of the new year, following a strong recovery in the USD as traders reduced bets that the Fed could cut interest rates as soon as March. Stronger-than-expected nonfarm payrolls data on Friday points to labor market resilience — which gives the Fed more room to keep interest rates higher for longer. Spot gold price...

SantaTradeGold Updated 

During the January 3 session, world gold prices decreased slightly mainly due to the increase in the USD. The latest FOMC meeting minutes show that the Fed will not rush to loosen interest rates, prolonging gold's decline. However, gold's initial increase will be maintained when the US interest rate cut plan is expected to be carried out this year and geopolitical...

SantaTradeGold Updated 

During the January 2 session, market expectations of the Fed cutting interest rates and geopolitical tensions in the Middle East continued to increase the safe-haven appeal of gold. However, the increase in the DXY index and government bond yields of all terms (with the 10-year yield increasing to 3.93%) may restrain the current upward momentum of precious metals....

SantaTradeGold Updated 

Gold has had wild swings in 2023, rising about 15% from the beginning of the year to May, then falling 13% in October before rising nearly 19% to create a record high in early December. Currently, there are many factors that may affect and cause gold prices to continue to increase in Q1, 2024. Weakness of the USD Gold has an inverse relationship with US...

SantaTradeGold Updated 

Global gold prices rose significantly, supported by a decline in the US dollar price and lower US Treasury yields. The dollar index has fallen nearly 2.9% over the past three months, and the yield on the 10-year U.S. Treasury has fallen about 1.1% since the end of October. At the same time, bond yields and US dollar prices fell, providing double support for...

SantaTradeGold Updated 

If gold can break through resistance, bulls will be in control in the near term. Next target is last week's high of 2,045 and easily reduced Conversely, the seller could target his $2,015 area, then he could target $2,010, then $2,000. If gold successfully tests these supports, it will extend its decline to its 20-day moving average of $1,985, last week's low...

SantaTradeGold Updated 

The Fed's admission that continued subdued inflationary pressures have increased expectations of interest rate cuts, causing bond yields and the dollar to plummet, leading to a rise in the price of XAU The trend of reducing US interest rates is often accompanied by a stronger increase in gold prices and this trend is likely to continue. Experts predict that next...

SantaTradeGold Updated 

Most investors expect gold prices to continue to increase in the near future, while market analysts have a more cautious view. It is forecasted that in the coming time, gold prices may decrease due to the undue impact of expectations that the US Federal Reserve (Fed) will lower interest rates early next year. The US Central Bank will not cut interest rates anytime...

SantaTradeGold Updated 

After the US Federal Reserve announced that it would cut interest rates next year. In addition to the central bank meeting, investors will also be keeping an eye on the European Union (EU) summit, which begins next Thursday in Brussels. The summit comes at a critical time for Ukraine, as the Biden administration has so far failed to pass a $60 billion aid...

SantaTradeGold Updated 

After the US Federal Reserve's last monetary policy meeting in 2023, global gold prices rose. Gold price exceeds $2,000 The Fed's admission that inflationary pressures continue to ease has raised expectations for rate cuts, leading to a sharp fall in yields and the dollar, but gold prices have also risen. The current upward trend in gold will result in...

SantaTradeGold Updated 

(XAU/USD) fell ahead of the European open on Friday following the release of a better-than-expected US non-farm payrolls (NFP) report. This development reduces investor expectations that the Federal Reserve may cut interest rates soon. US nonfarm payrolls increased month over month, exceeding market expectations. Furthermore, wage inflation accelerated to 0.2%...

SantaTradeGold Updated 

The Fed meeting gave all investors the early Christmas gift they've been waiting for. The Fed is expected to cut interest rates, and the dollar will weaken next year, pushing yields lower. This is truly the golden age of precious metals. Going into 2024, the general environment for physical gold remains favorable and the commodity is expected to make good...